CryptoMediaClub
Tuesday, July 8, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home All news

Worldcoin Price Dips as Elon Musk Sues OpenAI and Sam Altman

03.03.2024
A A
0
126
VIEWS
ShareShare

On Thursday, the price of Worldcoin’s WLD token dipped following news of Elon Musk’s lawsuit against OpenAI and its CEO, Sam Altman, alleging a breach of their nonprofit agreement.

The lawsuit argues that OpenAI’s collaboration with Microsoft deviates from its foundational principles of advancing open-source artificial general intelligence (AGI) for the benefit of humanity.

Profit-driven Direction Violates 2015 Agreements

Filed in a California court, the lawsuit outlines several complaints, including a breach of contract, fiduciary duty violation, and unfair business practices.

The conflict reportedly stemmed from OpenAI’s shift from a nonprofit AI research lab in 2015 to a commercial entity with a business arm established in 2020.

Musk, a co-founder of OpenAI, claimed that Sam Altman persuaded him to provide substantial financial support to the digital intelligence organization based on certain guarantees.

The owner of X (formerly Twitter) stated that Altman assured him that OpenAI would remain a nonprofit entity focused on countering competitive threats from tech giants like Google.

Musk alleged that OpenAI’s collaboration with Microsoft, a leading technology corporation, signifies a shift towards commercializing its AGI research.

Elon Musk v OpenAI lawsuit simply summarized by Grok pic.twitter.com/iPeVl1q3OS

— Sir Doge of the Coin ⚔ (@dogeofficialceo) March 1, 2024

He said the partnership contradicts OpenAI’s commitment to advancing AI for humanity. The SpaceX leader argued that the partnership to monetize GPT-4 reflects a focus on profit over positive human impact.

This lawsuit comes just days after OpenAI unveiled its new video generation model, Sora. While OpenAI’s flagship product, ChatGPT, is free for users on its website and mobile apps, users can upgrade to a paid version that unlocks their most advanced GPT-4 model.

OpenAI’s revenue has reportedly exceeded $2 billion annually, largely driven by ChatGPT’s success.

Musk, who views AI as a major threat to human civilization, has advocated for rigorous government regulation and careful handling of AI research.

Additionally, he criticized the expertise of OpenAI’s current board, claiming it needs to gain the technical knowledge required for responsible AGI development.

Musk urged OpenAI to return to its open-source principles and requested an injunction to prevent the for-profit exploitation of AGI technology.

The lawsuit represents an important legal battle in the tech industry, highlighting the tensions between commercial interests and ethical principles in AI development.

More WLD Token Price Decline Expected

WLD, the native token of Worldcoin, dropped by 5% to $7.1 following the news of the Musk lawsuit, before rising back to $8.3 in the early hours of Friday. The price has consolidated and is now trading at $7.95, however– about a 2.4% increase within 24 hours.

Elon Musk

Meanwhile, the trading volume is down by about 20.3%, which could suggest that investors are gradually shifting away from the coin.

The exponential moving average (EMA) is above the long-term EMA, so the market should expect further bullish momentum.

The Relative Strength Index (RSI) value of 52.8 also suggests a moderate level without extreme overbought or oversold conditions.

Overall, the WLD price could retrace or consolidated further. An upside reward could see the price push beyond $9, and a downside risk could see it fall to $5.

The post Worldcoin Price Dips as Elon Musk Sues OpenAI and Sam Altman appeared first on Cryptonews.

Share10Tweet6ShareSharePin2

Related Posts

[LIVE] Crypto News Today: Latest Updates for July 8, 2025 — Nasdaq-Listed Murano Global Adopts Bitcoin Treasury Strategy With $500M Backing
All news

[LIVE] Crypto News Today: Latest Updates for July 8, 2025 — Nasdaq-Listed Murano Global Adopts Bitcoin Treasury Strategy With $500M Backing

08.07.2025
0

The crypto market is showing negative signals today, with the total crypto market cap falling 4.6%. Bitcoin is down 1.5%...

Read moreDetails
Software Developer Polaris Office Joins South Korea’s Stablecoin Craze

Software Developer Polaris Office Joins South Korea’s Stablecoin Craze

08.07.2025
London Duo Jailed for $2 Million Crypto Scheme

London Duo Jailed for $2 Million Crypto Scheme

08.07.2025
ChatGPT’s 42-Signal TON Analysis Flags Critical $2.70 Support Collapse After UAE Golden Visa Scandal

ChatGPT’s 42-Signal TON Analysis Flags Critical $2.70 Support Collapse After UAE Golden Visa Scandal

08.07.2025
Pi Coin Price Prediction: Daily Volume Collapses Below $100M – Are Whales Dumping and Vanishing for Good?

Pi Coin Price Prediction: Daily Volume Collapses Below $100M – Are Whales Dumping and Vanishing for Good?

07.07.2025
Load More
Next Post
MexC Crypto Exchange Adds Shiba Inu Rival, Golden Inu, Price Explodes — Nearly +200% Yields

MexC Crypto Exchange Adds Shiba Inu Rival, Golden Inu, Price Explodes — Nearly +200% Yields

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

BNB Chain Launches Its Cross-Chain Bridge with Celer, deBridge, and Stargate

BNB Chain Launches Its Cross-Chain Bridge with Celer, deBridge, and Stargate

10 months ago
Bitcoin reclaims 97k worth amid promoting stress from previous whales

Bitcoin reclaims 97k worth amid promoting stress from previous whales

6 months ago

Bitcoin Stuck Near $26K, But Fading ‘Buy The Dip’ Sentiment Could Signal Opportunity: Report

2 years ago
Quantum Black Swan: How a 2026 Quantum-Computing Breakthrough Could Upend Crypto (and Which Coins Might Survive)

Quantum Black Swan: How a 2026 Quantum-Computing Breakthrough Could Upend Crypto (and Which Coins Might Survive)

1 week ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

Bitcoin remains stuck in $100k-$110k band as retail and whales enter potential standoff

ChatGPT’s 42-Signal TON Analysis Flags Critical $2.70 Support Collapse After UAE Golden Visa Scandal

Pi Coin Price Prediction: Daily Volume Collapses Below $100M – Are Whales Dumping and Vanishing for Good?

DDC Enterprise’s Bold Bitcoin Move: Boosting Holdings to 368 BTC Signals Strategic Shift

BONK’s SOL Buying Spree Counters Pump.Fun $741M Sell-off – Can LetsBONK Trigger 70% Pump?

Canaan’s Astounding 1,484 BTC Holdings: A Bitcoin Mining Powerhouse Emerges

Trending

[LIVE] Crypto News Today: Latest Updates for July 8, 2025 — Nasdaq-Listed Murano Global Adopts Bitcoin Treasury Strategy With $500M Backing
All news

[LIVE] Crypto News Today: Latest Updates for July 8, 2025 — Nasdaq-Listed Murano Global Adopts Bitcoin Treasury Strategy With $500M Backing

08.07.2025
0

The crypto market is showing negative signals today, with the total crypto market cap falling 4.6%. Bitcoin...

Software Developer Polaris Office Joins South Korea’s Stablecoin Craze

Software Developer Polaris Office Joins South Korea’s Stablecoin Craze

08.07.2025
London Duo Jailed for $2 Million Crypto Scheme

London Duo Jailed for $2 Million Crypto Scheme

08.07.2025
Bitcoin remains stuck in $100k-$110k band as retail and whales enter potential standoff

Bitcoin remains stuck in $100k-$110k band as retail and whales enter potential standoff

08.07.2025
ChatGPT’s 42-Signal TON Analysis Flags Critical $2.70 Support Collapse After UAE Golden Visa Scandal

ChatGPT’s 42-Signal TON Analysis Flags Critical $2.70 Support Collapse After UAE Golden Visa Scandal

08.07.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz